Corporation Bank Bags SKOCH Financial Inclusion Award 2011

Corporation Bank Bags SKOCH Financial Inclusion Award 2011

Mangalore Today News Network

Jan 05: Corporation Bank has bagged SKOCH Financial Inclusion Award 2011 - "Inclusion Champion of the Year" instituted by SKOCH Consultancy Services Pvt. Ltd. Shri Ramnath Pradeep, Chairman & Managing Director of the Bank received the Award from Dr. K C Chakrabarty, Deputy Governor, Reserve Bank of India in the presence of Dr. C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister of India at an Award Function held in New Delhi.

Corporation Bank has received this Award for completion of its financial inclusion outreach at all the villages having population of above 2000 allotted to the Bank by various State Level Bankers Committees (SLBC) in December 2010 way ahead of the given deadline of March 2012. Corporation Bank was allotted 333 villages. Out of total of 333 villages allotted to the Bank, the Bank has branches in 14 villages and in other 319 locations the Bank has established Grameen Vikas Kendras (Branchless Banking Units).

SKOCH Consultancy Services has instituted several of the oldest, most prestigious independent civilian awards in the field of financial inclusion, economy, industry, governance, capacity building, empowerment, inclusive growth, citizen services delivery, technology, academics and change management. Skoch Awards identify and salute best practices and comprehensively document, publish and put in public domain for the knowledge of others.

The Awardees are selected by an eminent Jury of industry leaders, domain experts, economists and academicians,

The Bank has been consistently receiving awards from organizations of repute like IDRBT, IBA, SKOCH etc. on various facets of implementation of technology, customer relationship management etc., over the last many years.